So if you invested $1000 for 30 days: You may see yield as just sec yield stated for a money market fund, but you have to know it is a 7 day yield (and it may be stated via a footnote rather than boldly as in. Input initial and final balances, days held, and get precise results.
SPAXX 7day yield vs total return rate r/fidelityinvestments
(0.0001 * $1000) / 365 ~= $0.000274 per day.
Def calculate_seven_day_yield (start_price, end_price, distributions, fees):
Calculate your investment's 7 day apy accurately with our specialized calculator. Then, multiply by the annualization factor).
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